Centre unveils list of services to be kept out of tax| 2011 none taxable| Tax Removed from Non-air ...

The finance ministry on Friday 18 November 2011 unveiled a fresh list of services which are expected to be out of the service tax web. The revised concept paper on taxation of services based on the negative list would be available for discussion up to December 15 2011.

Non-air conditioned second class train travel, health facilities, metro and monorail, public transport buses, metered taxis and three-wheelers, preschool and recognized education providers are among services which are proposed to be kept out of the service tax net.

"In the case of transport sector, it is proposed to include passenger travel by non-AC second class as also travel in all classes of metro and monorail so as to address the needs of a common man and encourage public transport system,"The government plans to net Rs 82,000 crore from service tax in the 2011-12 financial year.